secwatch.observer — SEC 8-K summary
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Issuer:     CBL & ASSOCIATES PROPERTIES INC (CBL)
CIK:        0000910612
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0000950170-23-062634
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CBL clarifies exec employment agreements; COO Reinsmidt salary raised to $350k
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- Amendments clarify terms and remove obsolete Chapter 11 references; no substantive changes to compensation or severance.
- Severance amounts reaffirmed: CEO target bonus component $953k; CFO $338k; President $313k; COO $300k; CLO $201k.
- COO Katie Reinsmidt's annual base salary increased to $350,000 effective January 1, 2024.
- Initial term for all NEO agreements runs to April 1, 2024, with automatic 1-year renewals unless 120-day notice given.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910612/000095017023062634/0000950170-23-062634-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910612/000095017023062634/cbl-20231107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-062634

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer